https://www.taxtmi.com/caselaws?id=416486 The Tribunal affirmed the disallowance of setting off the carried forward loss due to late filing of the return for AY 2017-18. Despite the appellant's arguments citing uncontrollable circumstances for the delay, the Tribunal upheld the CIT(A)'s decision, emphasizing the necessity of adhering to statutory timelines for claiming such benefits. The appeal challenging the Assessing Officer and CIT(A)'s orders was dismissed, reiterating the importance of timely compliance with tax regulations to access deductions and set off provisions under the IT Act. en-us Thu, 23 Dec 2021 00:00:00 +0530 Thu, 30 Dec 2021 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416486 The Tribunal affirmed the disallowance of setting off the carried forward loss due to late filing of the return for AY 2017-18. Despite the appellant's arguments citing uncontrollable circumstances for the delay, the Tribunal upheld the CIT(A)'s decision, emphasizing the necessity of adhering to statutory timelines for claiming such benefits. The appeal challenging the Assessing Officer and CIT(A)'s orders was dismissed, reiterating the importance of timely compliance with tax regulations to access deductions and set off provisions under the IT Act. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416486